Many distribution platform operators are required to file a new QST annual information return by June 30, 2022. Distribution platform operators that are registrants for QST purposes under the general rules must file the new QST form "Information Return for Distribution Platform Operators" by this date for the 2021 calendar year.
While affected distribution platform operators must meet this obligation and file their 2021 calendar year QST annual information return, the rules are different for GST/HST purposes. The CRA has previously announced that these entities are not required to file a similar GST/HST information return for their 2021 calendar year. As a result of this relief measure, these platform operators will instead start filing GST/HST information returns for the 2022 calendar year, which are due by June 30, 2023.
Quebec introduced QST rules for distribution platform operators effective July 1, 2021, including to require qualifying distribution platform operators to file an annual information return for QST purposes. These new QST rules are similar to the GST/HST rules that also came into effect on July 1, 2021.
Platform operators – File your new QST annual information return
As part of this requirement, distribution platform operators must report certain details related to their online sellers and their supplies facilitated through the operators' platforms, including their online sellers' online store URL and the amount of qualifying or designated qualifying supplies of goods facilitated through their platforms. This information must be reported on the new QST annual form VD-477.18.7, "Information Return for Distribution Platform Operators". Note that, because the prescribed form currently only contains enough lines for 10 online sellers, many platform operators will have to submit a separate attachment with the required details.
We can help
Your KPMG adviser can help you determine if the requirement to file a new annual QST information return applies to your business. For more details, contact your KPMG adviser.
Information is current to June 13, 2022. The information contained in this publication is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's National Tax Centre at 416.777.8500